Hengxin Technology : FURTHER ANNOUNCEMENT ON PAYMENT OF THE FINAL DIVIDEND FOR 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

H E N G X I N T E C H N O L O G Y L T D .

亨 鑫 科 技 有 限 公 司 *

(carrying on business in Hong Kong as HX Singapore Ltd.)

(Incorporated in Singapore with limited liability)

(Stock Code: 1085)

FURTHER ANNOUNCEMENT ON PAYMENT

OF THE FINAL DIVIDEND FOR 2020

References are made to the Results Announcement, the AGM Notice and the Poll Results Announcement in relation to the FY2020 Final Dividend and the closure of register of members in connection therewith.

The Board is pleased to announce that the FY2020 Final Dividend for distribution to the shareholders of the Company will be distributed on Friday, 28 May 2021.

References are made to the final results announcement for the year ended 31 December 2020 (the "Results Announcement") dated 16 March 2021, the notice (the "AGM Notice") for the annual general meeting (the "AGM") dated 24 March 2021 and the AGM poll results announcement dated 27 April 2021 (the "Poll Results Announcement") of Hengxin Technology Ltd. (the "Company") in relation to, amongst others, the final dividend for the year ended 31 December 2020 (the "FY2020 Final Dividend") and the closure of register of members in connection therewith.

On 16 March 2021, as disclosed in the Results Announcement, the board (the "Board") of directors ("Directors") of the Company announced its recommendation of the FY2020 Final Dividend of RMB0.0158 per share.

In furtherance of the Ordinary Resolution No. 3 in the AGM Notice regarding the FY2020 Final Dividend having been approved by the shareholders of the Company at the AGM on 27 April 2021 as disclosed by the Company in the Poll Results Announcement, the Board is pleased to announce

- 1 -

that the FY2020 Final Dividend will be paid on Friday, 28 May 2021 in Singapore dollars ("S$") or Hong Kong dollars ("HK$") (as the case may be) to shareholders whose names appear on the register of members of the Company on Friday, 14 May 2021.

The translation of Renminbi ("RMB") into Singapore dollars for the purpose of payment of the FY2020 Final Dividend in Singapore dollars is made at the rate of approximately RMB1.00 = S$0.2064 which is the exchange rate of Renminbi against Singapore dollars as quoted at 12:00 p.m. on 11 May 2021 from Bloomberg. The translation of Renminbi into Hong Kong dollars for the purpose of payment of the FY2020 Final Dividend in Hong Kong dollars is made at the rate of approximately RMB1.00 = HK$1.2083 which is the exchange rate of Renminbi against Hong Kong dollars as quoted at 12:00 p.m. on 11 May 2021 from Bloomberg.

Based on the above exchange rates, the FY2020 Final Dividend to be paid in Hong Kong dollars and Singapore dollars will be HK$0.0191 per share and S$0.0033 per share respectively. Shareholders who hold their shares on the Singapore register of members shall receive their dividend payment in Singapore dollars while shareholders who hold their shares on the Hong Kong register of members shall receive their dividend payment in Hong Kong dollars.

As disclosed in the Results Announcement and the AGM Notice, in order to determine the entitlement to the FY2020 Final Dividend, the register of members of the Company will be closed on Friday, 14 May 2021, on which date no transfer of shares will be registered. In order to be qualified for the FY2020 Final Dividend, unregistered holders of shares of the Company shall ensure that all transfer documents accompanied by the relevant share certificates must be lodged with the Company's principal share registrar in Singapore, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffles Place, Singapore Land Tower #32-01, Singapore 048623 (for shareholders registered in the share register of Singapore), or at the office of the Company's branch share registrar in Hong Kong, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong (for shareholders registered in the share register of Hong Kong) not later than 4:30 p.m. on Thursday, 13 May 2021.

By Order of the Board

Hengxin Technology Ltd.

Cui Wei

Chairman

Singapore, 11 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Du Xiping and Mr. Xu Guoqiang; the non-executive directors of the Company are Mr. Cui Wei and Ms. Zhang Zhong; and the independent non -executive directors of the Company are Mr. Tam Chi Kwan Michael, Dr. Li Jun and Mr. Pu Hong.

• For identification purpose only

- 2 -